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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

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To: Canuck Dave who wrote (692)	9/16/2001 1:45:00 PM
From: Vitalsigns	of 2773

A hundred years ago, the Christians came to our lands with their Bibles. Now, they have the land, and we have the Bibles. I think I own a few of those Bibles <gggg> Excellent post Canuck Dave, Fundamentals of listed Companies have just gotten worse , not better due to the Terrorists act(wrapping the flag around oneself will not protect US Airways from Bankruptcy, or Lu and NT from further sales decline and liquidity problems). I had (before last Tuesday) expected this round of profit warnings to be minor as most companioes had dropped their forecasts to very attainable targets, do we now get a whole new round of unexpected profit warnings like we saw on friday when GE announced a $600 million hit to their earnings caused by the terrorist Act? I know here in Canada around my home town , the effects are already present. Resorts have had a large number of cancellations due to the grounded flights, Large Public venues are cancelling major league games and events due to security and grounded flights. The airlines are losing $250 million / day without counting the effects of scared passengers that are cancelling future flights. Stores and malls reported slow traffic last week as many stayed in front of the TV to watch CNN and the events unfold . Lets not forget that we cannot put a value on the lives and intelllect lost on Tuesday. THE WTC is home to many of the top financial minds in the world , CANTOR for example had 1000 people working there and they are responsible for about 10% of the $3 trillion of worldwide volume in Bonds per year. They are reported to have lost about 800 of their key people which cannot be replaced overnight. It requires a high caliber person that takes years to train. A simple calculation error can cause the firm millions of dollar in loses and that is why they require the best of the best. Never mind all the other intellectual loses from other firms and businesses lost in those 2 towers. On the other hand, with Shorts positions at record levels, fundamentals may be put on the backburner as markets could very well rally 20% on Nas and 10% on Dow IMO. But the list of fundamental positives is not very long winded. Rate reduction and large government money infusion and patriotism can only go so far. It is impossible to predict the future of next week as Chart reading is now a futile attempt because the manipulators will distort the readings. Once the dust settles over the next few weeks , a more reliable reading will be observed and that is when we will know were we stand over the next few months. For now I am on the fence as to which direction the markets take us very short term. I just hope the markets don't add to the financial carnage by evaporating trillions of dollars overnight. But as many of you have pointed out before The markets climb a wall of worry but slides the slippery slope of hope

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